Guideline Value for PERUMAL KOIL STREET (AGRAHARAM)

Perumal Koil Street (Agraharam) guideline value

The current guideline value of Perumal Koil Street (Agraharam) is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Perumal Koil Street (Agraharam) has changed

The guideline value for Perumal Koil Street (Agraharam) has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 2,300 per sq.ft in 2012, marking a substantial rise of 820%. The latest revision in 2024 set the guideline value at Rs 2,500 per sq.ft, reflecting a 9% increase from the 2012 figure.

Overall, from 2007 to 2024, the guideline value has increased by 900%. It is important to note that the register has no figures for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, which is equal to the current guideline value of Perumal Koil Street (Agraharam).

• PERUMAL KOIL STREET (AGRAHARAM) 1st STREET: Rs 2,500 per sq.ft (2024)
• PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET: Rs 2,500 per sq.ft (2024)
• Perumal Koil Street: Rs 1,600 per sq.ft (2024)
• Perumal Koil Street (Madhanakuppam): Rs 1,300 per sq.ft (2024)
• Perumal Nagar: Rs 1,600 per sq.ft (2024)
• Periyar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street (Agraharam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total charges to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Street (Agraharam)?

The Sub Registrar Office that covers Perumal Koil Street (Agraharam) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in Korattur

The guideline value is a crucial factor during the registration of property transactions in Korattur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid to the government.

When buying or selling property, it is essential to be aware of the current guideline value, as it may impact the overall cost of the transaction. Ensuring compliance with the guideline value helps in smooth registration and avoids potential legal issues.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (Agraharam)?

The current guideline value of Perumal Koil Street (Agraharam) is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, marking an overall increase of 900% over this period.

What is the land classification for Perumal Koil Street (Agraharam)?

The land classification for Perumal Koil Street (Agraharam) is Residential Class II Type - III.

Which Sub Registrar Office is responsible for Perumal Koil Street (Agraharam)?

The Villivakkam Sub Registrar Office is responsible for Perumal Koil Street (Agraharam), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Perumal Koil Street (Agraharam)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000.